Teeka Tiwari

How to Simplify Your Investments

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I have eight tips aimed at making you a stronger, more confident and, most importantly, more profitable investor.

We'll start with focus, as it is the very foundation upon which the other tenets are built.

In my early investing days, before I found my groove, I'd flit from strategy to strategy, embracing each new approach like a long-lost loved one. I'd throw myself into each approach with reckless abandon, risking all I had.

Sometimes I'd win. But, most times, I lost.

Even when I found a strategy that worked, I'd dilute it by spreading myself (and my capital) too thin, trying to trade every single stock I could find that fit the strategy. I frittered away a small fortune using this disjointed approach.

Conserve Your Emotional and Financial Capital

Just like those who practice medicine, I learned that the most successful investors choose a specialty and stick with it. I had to find one approach and then totally own it.

I realized that I could not learn all there was to know about trading stocks. There are just too many different approaches that one can use.

And, certainly, you can master a new technique and add it to your arsenal. But even if you can get a handle on many or even most of them, you simply can't use too many strategies concurrently, successfully.

As for me, I had to choose one method and then commit myself to it. The method that ended up making the most sense to me -- and, more importantly, generating regular returns -- was point-and-figure charting.